Allkem : FY22 Half Year Report & Accounts

Consolidated

Financial Report

onlyFor the half-year ended 31 December 2021

For usepersonal

For personal use only

Contents

Corporate information	3
Director's report	4
Corporate Overview	5
Sustainability and Safety	6
Operating and Financial Overview	8
Development Overview	14
Lithium Market	17
Significant changes in the state of affairs	18
Subsequent events	18
Risks	18
Important notices	20
Rounding of amounts	21
Auditor's Independence Declaration	22
Independent uditor's	23
report
Consolidated Interim	25
Financial Statements

ABN 31 112 589 910

Corporate Information

For personal use only

Directors

Non-Executive Chairman

Mr. Martin Rowley (appointed on 25 August 2021)

Non-Executive Deputy Chairman

Mr. Robert Hubbard

Managing Director and CEO

Mr. Martín Pérez de Solay

Non-Executive Directors

Mr. Richard Seville

Mr. Fernando Oris de Roa Ms. Leanne Heywood

Mr. Alan Fitzpatrick (appointed on 25 August 2021) Mr. John Turner (appointed on 25 August 2021)

Ms. Florencia Heredia (appointed on 25 August 2021)

Joint Company Secretary

Mr. John Sanders (appointed on 22 October 2021) Mr. Rick Anthon

Company

Allkem Limited

ACN 112 589 910

Registered Office

Riparian Plaza-Level 35

71 Eagle Street

Brisbane QLD 4000 AUSTRALIA

Principal Office

Riparian Plaza-Level 35

71 Eagle Street

Brisbane QLD 4000 AUSTRALIA

Postal Address

GPO Box 3024

Brisbane QLD 4001 AUSTRALIA

Telephone

[phone]

Facsimile

[phone]

Email

[e-mail]

Website

allkem.co

Share Registries

Computershare

Investor Services Pty Limited

Level 1-200 Mary Street

Brisbane QLD 4000 AUSTRALIA

Computershare Investor Services Inc.

100 University Avenue-8th Floor Toronto ON M5J 2Y1 CANADA

Auditors

ERNST & YOUNG

Level 51-111 Eagle Street

Brisbane QLD 4000 AUSTRALIA

Allkem Consolidated Financial Report

3

For personal use only

Director's Report

Allkem Consolidated Financial Report

4

For personal use only

Allkem Limited was formed by the

of Galaxy Resources Limited (Galaxy) and Orocobre Limited (Orocobre) on

25 August 2021, by way of a scheme arrangement (Scheme). Your Directors the financial report of the consolidated for the half-year ended 31 December

The following persons were Directors of the Company the half-year and at the date of this report:

• Mr. Martin Rowley (Non-Executive Chairman) (appointed on 25 August 2021)
• Mr. Robert Hubbard (Non-Executive Deputy
• Mr. Martín Pérez de Solay
• Mr. Richard Seville
• Mr. Fernando Oris de Roa
• Ms. Leanne Heywood
• Mr. Alan Fitzpatrick (appointed on 25 August
• Mr. John Turner (appointed on 25 August 2021)
• Ms. Florencia Heredia (appointed on 25 August

Corporate Overview

Mergerwith Galaxy Resources

The Scheme in relation to the merger of Orocobre and Galaxy was implemented on 25 August 2021. In accordance with the Scheme, all shares in Galaxy were transferred to Orocobre and eligible Galaxy shareholders were issued the scheme consideration of 0.569 new fully paid ordinary shares in Orocobre for each Galaxy share held at the record date on 18 August 2021.

Following shareholder approval at the 2021 Annual General Meeting, the change of company name from Orocobre Limited (ASX: ORE,TSX: ORL) to Allkem Limited (ASX/TSX: AKE) was completed.

ASX/S&P 100 Index

During the reporting period Allkem was included in the ASX/S&P 100 index and retained its position as a member of the Dow Jones Sustainability Australia Index.

Allkem Consolidated Financial Report

5